Cardano’s price is currently under $1, but that doesn’t necessarily make it a bargain. The cryptocurrency is priced at around $0.35 today, far from its 2021 all-time high. While the recent surge in value may trigger interest, factors driving its value are not tied to a specific price point. Cardano’s decentralized finance total value locked is about $173 million, with stablecoins totaling $37.8 million. However, the network lacks significant financial activity, limiting its appeal to investors. Without significant growth in stablecoin supply and on-chain commerce, there’s little reason to invest in Cardano at the moment.

Read more at Nasdaq: Cardano Under $1: Your Last Chance to Buy?